Gold gains 1% and erases post-Fed losses. Are metals returning to growth
Market Analysis, Metals, Technical Analysis
Gold gains 1% and erases post-Fed losses. Are metals returning to growth
Gold is up around 1% today, trading near $4,380 per ounce. Following an almost 2% rebound on Thursday, the precious metal has erased the losses triggered by the Federal Reserve’s decision and Kevin Warsh’s press conference. Oil is pulling back to just below $103 per barrel today, while gains in U.S. Dollar Index futures have […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Institutional, Market Analysis
ECB’s Lagarde: We’ll decide on rates meeting by meeting
European Central Bank (ECB) President Christine Lagarde said during the European trading session on Friday that the decision on interest rates by the central bank will be meeting by meeting. Like other ECB officials, Lagarde also said that she doesn’t see any signs of second-round inflation effects yet. Remarks Growth is a bit more promising than we thought. We’ll […]
by Currency Hedger
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- 3 weeks ago
Institutional, UOB
Swiss Franc: Consolidation holds below 0.8300 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang notes USD/CHF remains in a consolidation phase after a sharp rally, with intraday trading expected between 0.8225 and 0.8265. He stays positive over the 1–3 week horizon but says it is still too early to confirm a break above 0.8300, while a move below 0.8185 would negate this […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
ING, Institutional
Czech Koruna: CNB pause before potential November hike – ING
ING’s Frantisek Taborsky notes that the Czech National Bank (CNB) kept its policy rate at 3.75% with a dovish tone versus market pricing, but ING economists now expect a hike in November due to higher inflation forecasts and elevated global energy prices. While EUR/CZK trades around 24.300–24.350, ING sees a stronger Dollar lifting the pair […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Market Analysis, Technical Analysis
The BOJ tempers hawkish message, as UK consumer spends through the price shock
There has been a remarkable turnaround for markets this week. At the start of the week, fears about oil price spikes, rate hikes and a bond market rout caused a surge in volatility. However, at the end of the week there has been a remarkable turnaround. The S&P 500 is poised to eke out a […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Institutional, Market Analysis, USD
The Fed Rate Hike – What Happens Now?
The Fed rate hike: what happens now? The dust has settled on tonight’s Fed meeting and the market reaction is clear: the Fed’s signal that there could be a series of rate hikes has spooked financial markets. Bonds sold off at the short end of the Treasury curve and US stocks also fell, led by […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
AUD, Market Analysis, Technical Analysis, USD
Trade of The Day – AUD/USD
Facts: Recommendation: Trade: Short position on AUDUSD at market price Target: 0.7067, 0.7000 Stop: 0.7165 Opinion: AUDUSD has been trading in an upward trend recently, but the pair may be experiencing a trend reversal. Looking at the H4 interval, one can see that the price bounced off the key 0.7130 resistance area. The green area […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Institutional, JPY, Market Analysis
Hawkish remarks by BOJ Governor strengthen the yen – key takeaways
Key statements by Ueda during the press conference following the BOJ’s decision to hike rates: Maintaining a hawkish stance and refusing to yield to dissent within the board were interpreted by the market as a clear signal that further rate hikes are inevitable. In response to the BOJ Governor’s remarks, the Japanese currency is trimming […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Hedging, JPY, Market Analysis, Technical Analysis
Chart of The Day – Yen in a Trap. BoJ Hike That Weakened the Currency
The Bank of Japan did exactly what the market expected, raising the interest rate by 25 basis points to 1.25%, the highest level since 1995. In a textbook scenario, such tightening should support the currency. Meanwhile, the yen reacted with a weakening, and the USDJPY pair dynamically returned above the 157 barrier. This is the […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Bund Yields Fall as Traders Scale Back ECB Rate-Hike Bets
Germany’s 10-year Bund yield ended the week around 3.5%, down from a peak of 3.57% on Tuesday, the highest level since June 2009, and posting its first weekly decline since early August. The retreat came as traders scaled back expectations for further ECB rate hikes, despite a more restrictive tone from the Federal Reserve that […]
by Currency Hedger
- 0 Comments
- 3 weeks ago